Labourers rest in front of an advertisement of Reliance Industries Limited at a construction site in Mumbai. (REUTERS File Photo)
BENGALURU, October 17 (Reuters): India's Reliance Industries Ltd on Wednesday posted a higher consolidated profit for the July to September period, helped by a strong profit in its petrochemicals segment.
The conglomerate, whose businesses include refining, petrochemicals, retail and telecommunications, said profit rose 17.3 percent to 95.16 billion rupees ($1.29 billion).
That was slightly below the 95.67 billion rupees average of 11 analyst estimates, according to I/B/E/S data from Refinitiv.
Revenue from operations rose more than 53 percent to 1.46 trillion rupees, Reliance said on Wednesday.
Profit on a standalone basis, which excludes retail and telecoms, rose 7.2 percent from the same period a year earlier to 88.59 billion rupees.
